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This week we're releasing an interview Steve did as a guest of Jim Byrne, host of MMT101 podcast.  

Steve and Jim have much in common, so it’s interesting to hear how their approaches differ. In part, this is related to the conditions of their nationalities. Jim, in Scotland, isn’t faced with the myth of political democracy. They have a devolved government, under the thumb of Westminster, with no control over the economic levers. The demands are straightforward: more money... and independence.  

Jim says he prefers to see MMT “purely as a technical – almost a technical description – with a bit of theory thrown in there, because of course T stands for theory.”  

Steve describes his 15-year journey with MMT. Originally, he focused on the “wonky stuff,” the mechanics of the monetary system.  He came to understand that people aren’t interested until they can see how it relates to their own lives. Today he maintains that MMT should be connected to real-world issues such as class struggle, poverty, student debt, and geopolitical conflicts like the horrific situation in Gaza.  

The episode is a great conversation between two MMT activists. Despite their differences, they find they have much in common. 

Jim Byrne is currently developing an MMT foundation course aimed at beginners and intermediate learners, as well as people who already know about economics but are curious about Modern Monetary Theory. 

Follow his work and the MMT101 podcast at mmt101.substack.com 

@MMT101DotORG